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Mitsui Joins Rio in Australia Iron Ore Mine

Hosted on MSN · 2d

Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project

Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its long-term earnings base.

Bloomberg L.P. · 2d

Mitsui Joins Rio in Australia Iron Ore Mine for $5.3 Billion

Japanese trading house Mitsui & Co. will buy a stake in an Australian iron ore project for $5.3 billion, in a bet that the global steel industry will need high-quality raw materials to support its push to go green.

YAHOO!Finance · 2d

Rio Tinto notes Mitsui has agreed to join Rhodes Ridge Joint Venture

Rio Tinto notes that Mitsui & Co. has entered agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture (RRJV) from Rio Tinto’s partners.

1d

The real reason for Mitsui Japan’s $8b iron ore grab

The acquisition of a 40 per cent stake in Rio Tinto’s untapped Rhodes Ridge project is Mitsui’s largest investment ever.

Business News2d

Rhodes Ridge deal rewrites Rich List

Mitsui's new stake in Rio Tinto's Rhodes Ridge iron ore project has unlocked $10 billion in wealth for the heirs of Peter ...

12h

Japan makes $10 billion move on Australia

It has been a wobbly couple of years for the Australian economy as our biggest export — of crucial importance to our ...

2d

Reclusive iron ore magnates $8b richer after selling to Japan’s Mitsui

The Bennett and Wright families are the heirs to the fortune made by Peter Wright, the business partner of mining magnate ...

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